Retained earnings measures the cumulative excess of net income over dividends for the life of a firm. Cumulative means that retained earnings aggregates all undistributed earnings
Indicate whether the statement is true or false
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If the assets of a business increased $89,000 during a period of time and its liabilities increased $67,000 during the same period, equity in the business must have:
A. Increased $22,000. B. Decreased $156,000. C. Increased $89,000. D. Decreased $22,000. E. Increased $156,000.
When writing a report, information that is known to most people is considered to be _____
A) paraphrasing B) opinion C) common knowledge D) speculation E) statistics
For a professional image, letters should be folded to produce the fewest number of creases
Indicate whether the statement is true or false
Telecommuting involves workers who work from home full-time or some portion of their workweek and use the Internet, dial-up lines, or other forms of telecommunications.
a. Virtual corporations b. Virtual teams c. Virtual managers d. Virtual cross-border businesses